BMO Capital Markets reissued their market perform rating on shares of H&R Block, Inc. (NYSE:HRB) in a report published on Thursday morning. The brokerage currently has a $31.00 target price on the stock.
HRB has been the subject of a number of other research reports. Zacks Investment Research upgraded H&R Block from a hold rating to a buy rating and set a $29.00 price objective for the company in a report on Wednesday, May 24th. Northcoast Research restated a neutral rating on shares of H&R Block in a report on Wednesday. BidaskClub cut H&R Block from a buy rating to a hold rating in a report on Wednesday, August 23rd. BTIG Research restated a sell rating and set a $19.00 price objective on shares of H&R Block in a report on Tuesday, August 29th. Finally, Barrington Research boosted their price objective on H&R Block from $28.00 to $32.00 and gave the stock an outperform rating in a report on Monday, June 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. H&R Block currently has an average rating of Hold and a consensus price target of $27.71.
H&R Block (HRB) traded up 0.11% during trading on Thursday, reaching $26.77. The company’s stock had a trading volume of 3,595,577 shares. H&R Block has a 52-week low of $19.85 and a 52-week high of $31.80. The firm’s 50-day moving average is $30.01 and its 200-day moving average is $26.54. The stock has a market cap of $5.57 billion, a P/E ratio of 14.12 and a beta of 0.57.
H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The company had revenue of $138 million during the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter in the previous year, the company posted ($0.56) earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Equities research analysts forecast that H&R Block will post $1.97 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.59%. H&R Block’s payout ratio is 49.48%.
In other news, insider William C. Cobb sold 387,740 shares of H&R Block stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $31.19, for a total value of $12,093,610.60. Following the completion of the sale, the insider now directly owns 658,463 shares in the company, valued at $20,537,460.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William C. Cobb sold 750,000 shares of H&R Block stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the completion of the sale, the insider now owns 1,301,458 shares of the company’s stock, valued at $39,564,323.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,473,471 shares of company stock valued at $45,309,203. 0.63% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its position in H&R Block by 24.1% during the first quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the company’s stock valued at $156,000 after purchasing an additional 1,300 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in H&R Block by 79.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 19,997 shares of the company’s stock valued at $479,000 after purchasing an additional 8,843 shares in the last quarter. American Century Companies Inc. acquired a new position in H&R Block during the first quarter valued at approximately $505,000. LSV Asset Management raised its position in H&R Block by 159.4% during the first quarter. LSV Asset Management now owns 102,200 shares of the company’s stock valued at $2,376,000 after purchasing an additional 62,800 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in H&R Block by 3.5% during the first quarter. Eqis Capital Management Inc. now owns 19,323 shares of the company’s stock valued at $449,000 after purchasing an additional 657 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.
H&R Block Company Profile
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.
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